TSE 5.50% $1.06 transfield services limited

Good post. I'm new to tse, bought in a few days ago. Lucky...

  1. 331 Posts.
    Good post. I'm new to tse, bought in a few days ago. Lucky timing. This was about a $15 stock just before the GFC and once the fundamentals start to get corrected, I.e. financials, management team, overheads, and the market picks up it will be trading at more than $2. Have a look at skilled group and it's recent performance which currently has a higher market cap than tse but is a much smaller business which isn't as diversified as tse. Skilled was in exactly the same position and tse seems to be following.

    This is a medium term keeper for me as i believe the economy and market in this sector will pick up very fast. Note also the North American market is improving innehich tse has good investments. Good move by tse to exit Middle East.

    Shortens are indeed leeches.

 
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